Oppenheimer Holdings Research Analysts Lift Earnings Estimates for Energy Focus, Inc. (EFOI)

Energy Focus, Inc. (NASDAQ:EFOI) – Analysts at Oppenheimer Holdings raised their FY2017 earnings estimates for Energy Focus in a research report issued to clients and investors on Wednesday. Oppenheimer Holdings analyst C. Rusch now expects that the construction company will post earnings per share of ($0.97) for the year, up from their prior forecast of ($0.99). Oppenheimer Holdings also issued estimates for Energy Focus’ Q4 2017 earnings at ($0.17) EPS.

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A number of other equities research analysts also recently issued reports on the stock. ValuEngine downgraded shares of Energy Focus from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 26th. Roth Capital set a $2.00 price objective on shares of Energy Focus and gave the stock a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research downgraded shares of Energy Focus from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Energy Focus in a research report on Thursday, August 10th. Finally, B. Riley reaffirmed a “hold” rating and issued a $3.00 price objective on shares of Energy Focus in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Energy Focus presently has a consensus rating of “Hold” and a consensus target price of $3.63.

Shares of Energy Focus (NASDAQ EFOI) opened at $2.85 on Monday. Energy Focus has a 52-week low of $1.51 and a 52-week high of $5.32.

An institutional investor recently raised its position in Energy Focus stock. WealthTrust Axiom LLC lifted its holdings in shares of Energy Focus, Inc. (NASDAQ:EFOI) by 6.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 424,994 shares of the construction company’s stock after buying an additional 26,054 shares during the quarter. WealthTrust Axiom LLC owned about 3.61% of Energy Focus worth $1,117,000 at the end of the most recent quarter. 17.12% of the stock is owned by institutional investors.

Energy Focus Company Profile

Energy Focus, Inc along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The Company is engaged in developing and selling of light-emitting diode (LED) lighting products for military maritime market, and general commercial and industrial markets.

Earnings History and Estimates for Energy Focus (NASDAQ:EFOI)

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